Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE
RequestCredit.com is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. RequestCredit.com does not review or offer all available credit products.

Experts Urge Better Security to Keep Consumers Safe

[Sunday, January 11th, 2015]

Last year, during the height of the holiday shopping season, millions of consumers were worried when news of a widespread hacking broke. Credit and debit cards of Target customers across the nation were compromised when hackers got access to their personal payment information due to a data breach. In the months following that attack, more followed. Nieman Marcus, Home Depot, Michael’s, Staples, and other retailers all dealt with major data breaches in 2014.

Now, IT experts are warning companies that unless they change their ways, these type of security breaches will continue into 2015 and beyond.

Dr. Barbara Rembiesa, head of the International Association of Information Technology Asset Managers (IAITAM), said in a recent report that companies have not taken sufficient steps to protect consumers from having their payment information and other sensitive personal information stolen.

“The Target debacle triggered an 8 percent increase in spending on ‘IT security’ but did very little to slow down the tide of major data breaches,” said Rembiesa. “The reality is that companies that have taken these steps are treating the symptoms but not the underlying problems.”

Rembiesa recommended companies follow these management principles if they are serious about protecting shoppers:

Know what you have. Companies must know about every computer, gateway, and doorway in their network. Software downloaded on a computer that the company doesn’t know about can trigger a malware attack. For example, at Coca-Cola, an employee stole 55 laptops over a period of six years, gaining access to tens of thousands of Social Security numbers and a treasure trove of other personal data. Coca-Cola was unaware that the laptops were missing.

Know what to do in case of a threat. It’s not important to just identify threats, but to know what to do when you find one. Communications departments must be prepared to deal with threats and disseminate information so that systems can be locked down and threats can be properly addressed. During the Home Depot breach, hackers exploited a patch on Microsoft Windows to steal and sell data from 56 million credit cards. Immediate and effective communication of the threat might have addressed the issue.

Manage IT vendors carefully. Rembiesa said some of 2014’s big data breaches were the result of improper IT vendor management. “It is critical to have IT Asset Managers that are certifiably up to speed on best IT Asset Management practices,” she explained. “In the 2014 data breach deluge, this has been the glaring gap.  Until companies do more to support their IT security operations with proper and effective IT Asset Management, you can expect data breaches to continue largely unabated.”

Read also

People Feel Better About Their Financial Lives Than Their Love Lives, Says Survey
[September 2nd, 2017]

Is it harder to find true love, or to be financially successful? The third annual Love & Money Survey, conducted by TD Bank, offers some insight on Americans’ struggle to achieve happiness in both their romantic lives and their financial ones.

Continue reading ››

Nearly 100 Million Americans Store Credit Card Info Online
[June 19th, 2017]

Despite a common conception that older people are more reluctant to trust technology, especially when it comes to money matters, it seems the so-called “Silent Generation,” or those in their 70s and 80s, are the most likely to save their payment information on websites or mobile apps.

Continue reading ››

US Bank Now Offering Mobile Payments For Visa Commercial Cards
[April 15th, 2017]

US Bank corporate cardholders will be able to pay for transactions via Apple Pay, Android Pay, or Samsung Pay with their Visa cards, thanks to new functionality that makes US Bank the first financial institution to offer mobile payments for Visa commercial cards.

Continue reading ››
Copyright © 2003-2017 RequestCredit.com. All Rights Reserved
RequestCredit.com strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that RequestCredit.com can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The RequestCredit.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. RequestCredit.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the RequestCredit.com website are property of their respective owners.
Information in these articles is brought to you by RequestCredit.com Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.